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silverlake

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Alias Born 07/16/2008

silverlake

Re: None

Friday, 07/18/2008 11:16:36 PM

Friday, July 18, 2008 11:16:36 PM

Post# of 24249
Hello Board,

I've been long GSPG since January. I haven't seen this posted on the board yet and it may help answer some valuation questions regarding the pending 43-101 reserve report. The link provides a preliminary asset report from a third party hired by Goldspring. The highlights are GoldSpring's 392 thousand ounces of gold in the ground and an inference that there might be 5 times as much silver.

http://www.sec.gov/Archives/edgar/data/1120970/000114420408034539/v117030_ex99-1.htm

According to this report, Goldspring seems truly undervalued using today's gold/silver prices AND this is only a report on a small percentage of their land holdings...

IMHO
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